Cooperatives have been central to the development of New Orleans. Anne Gessler asserts that local cooperatives have reshaped its built environment by changing where people interact and with whom, helping them collapse social hierarchies and envision new political systems. Gessler tracks many neighborhood cooperatives, spanning from the 1890s to the present, whose alliances with union, consumer, and social justice activists animated successive generations of regional networks and stimulated urban growth in New Orleans. Studying alternative forms of social organization within the city’s multiple integrated spaces, women, people of color, and laborers blended neighborhood-based African, Caribbean, and European communal activism with international cooperative principles to democratize exploitative systems of consumption, production, and exchange. From utopian socialist workers’ unions and Rochdale grocery stores to black liberationist theater collectives and community gardens, these cooperative entities integrated marginalized residents into democratic governance while equally distributing profits among members. Besides economic development, neighborhood cooperatives participated in heady debates over urban land use, applying egalitarian cooperative principles to modernize New Orleans’s crumbling infrastructure, monopolistic food distribution systems, and spotty welfare programs. As Gessler indicates, cooperative activists deployed street-level subsistence tactics to mobilize continual waves of ordinary people seizing control over mainstream economic and political institutions.

In Collective Courage, Jessica Gordon Nembhard chronicles African American cooperative business ownership and its place in the movements for Black civil rights and economic equality. Not since W. E. B. Du Bois’s 1907 Economic Co-operation Among Negro Americans has there been a full-length, nationwide study of African American cooperatives. Collective Courage extends that story into the twenty-first century. Many of the players are well known in the history of the African American experience: Du Bois, A. Philip Randolph and the Ladies' Auxiliary to the Brotherhood of Sleeping Car Porters, Nannie Helen Burroughs, Fannie Lou Hamer, Ella Jo Baker, George Schuyler and the Young Negroes’ Co-operative League, the Nation of Islam, and the Black Panther Party. Adding the cooperative movement to Black history results in a retelling of the African American experience, with an increased understanding of African American collective economic agency and grassroots economic organizing. To tell the story, Gordon Nembhard uses a variety of newspapers, period magazines, and journals; co-ops’ articles of incorporation, minutes from annual meetings, newsletters, budgets, and income statements; and scholarly books, memoirs, and biographies. These sources reveal the achievements and challenges of Black co-ops, collective economic action, and social entrepreneurship. Gordon Nembhard finds that African Americans, as well as other people of color and low-income people, have benefitted greatly from cooperative ownership and democratic economic participation throughout the nation’s history.

Since the financial crisis of 2008 and the global popular protests of 2011, more people have begun to wonder and speculate: what’s next for civilization? The economic, social, and political status quo seems unsustainable, but what can emerge to take its place? In this book, a historian examines the past and present to argue that the seeds of a more humane society are already being planted, on local and international scales. Whether they will bear fruit depends, ultimately, on grassroots initiative. Focusing on the new worker cooperative movement in the West, this study not only contains the first systematic discussion of the solidarity economy in the light of Marxist theory; it also introduces a major revision of Marxism that both updates it for the twenty-first century and illuminates our historical moment. It includes an analysis of the history of cooperatives in the U.S., showing where they went wrong and how we can correct their past mistakes. It has a case-study of the successful new worker-owned business New Era Windows in Chicago, which has been celebrated internationally for its defiance of conventional paradigms. And it shows a way out of the age-old conflict between Marxism and anarchism, arguing that both are more relevant now than they have ever been. Which is to say: a gradualist “revolution” is, for the first time, within the realm of possibility.

Cooperatives in the Global Economy presents a unique collection of research-based chapters contributed by leading social and economic thinkers that provide critical insights into how the cooperative business model meets the challenges of the complex global problems in today’s competitive economy. Apart from theoretical arguments in favor of the value-based cooperative business model, this book presents the performance indicators of various forms of cooperatives, their potentialities, and challenges they face across borders. The contributors reexamine how cooperatives empower the marginalized population of the world by bringing them into the mainstream of socio-economic activities through creating employment opportunities, working towards alleviation of poverty, ensuring for more equitable distribution of scarce resources, and providing the basis for a sustainable economy and its meaningful growth. Today, in the global competitive economy, the challenges for cooperatives are enormous due to their particular value commitments, forms of incorporation, and organizational structures. In spite of the presence of several challenges, cooperatives promote economic growth and social justice. In this context, this book also presents the critical roles of cooperatives in balancing economic, social, and environmental concerns to build a better, equitable, and sustainable world.

Credit cooperatives in India make up one of the largest rural financial systems in the world. Playing a vital role in dispensing credit in largely agricultural areas, they are also the weakest link in the formal credit delivery system. This book provides a valuable case study of the traditional banking system in this developing economy, exploring the reasons for the poor performance of credit cooperatives in India and suggesting measures to revitalise them. Although this sector has grown along with the micro-credit sector to provide finance for the poor and the less creditworthy borrowers, financing development still remains a major problem in the developing world. However, the financial health of credit cooperatives in India has been a matter of perennial concern. The author argues that cooperatives hold great promise for financial inclusion if the financial position of the cooperatives can be consolidated. Providing a detailed analysis of the historical evolution of cooperatives in India, the book establishes the link between different segments of this institutional system and their performance in a commercial sense to show that cooperatives occupy an important place in India’s financial edifice as they play a key role in the multi-agency framework for rural credit delivery. As such, the analysis provides a valuable reference for scholars of economics, Asian economics and finance.